EURUSD Bullish bounce Back?
EURUSD is a Forex instrument; by looking at the chart, we can say it has taken support from the nice support ZONE. This time BUY setup is Risk:Reward :: 1:3.5.
I am asumming it to go higher now.
Reason:
Verdict:
Bullish
Plan of action:
Buy : 1.05844
SL: 1.04608
Target 1: 1.07668
Target 2: 1.09896
I am asumming it to go higher now.
Reason:
- it has taken support from very nice support zone.
- Formation of Bullish hammer at the bottom Sopprt, shows nice bullishness.
- Nice RSI return from oversold zone to bullish zone.
- Price > 13 EMA.
- Bullish Divergence.
Verdict:
Bullish
Plan of action:
Buy : 1.05844
SL: 1.04608
Target 1: 1.07668
Target 2: 1.09896
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